Please find attached intimation regarding appointment of Secretarial Auditor and re-appointment of Internal and Cost Auditor (please refer point no. 5,6 and 7 of the outcome along with Annexure E)
Awaiting price reaction for this filing.
Godawari Power and Ispat's board approved audited FY25 results with standalone net profit of Rs 769.64 crore (down from Rs 917.44 crore last year) on total income of Rs 4,762.89 crore. Statutory auditor Singhi & Co. gave an unmodified (clean) opinion. The board recommended a final dividend of Rs 1 per share (100% on face value of Re 1), with record date set for August 16, 2025, pending AGM approval. The company approved expansion of steel melting capacity by 50,000 MT and increased proposed solar power plant capacity from 95 MWp to 125 MWp. It also approved setting up a Section 8 company for a school under CSR, raising Rs 300 crore in long-term debt, and re-appointed internal and cost auditors along with a new secretarial auditor for five years.
Profits declined year-on-year, but the company rewarded shareholders with a 100% dividend and signaled growth via steel and solar capacity expansion alongside Rs 300 crore debt raising, which could support future earnings but adds to leverage.